Can a person with a family Trust avoid paying a judgement?
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Can a person with a family Trust avoid paying a judgement?
Asked on April 23, 2013 under Estate Planning, Indiana
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
Non payment of a personal judgment goes against the trustee only, if the judgment is personal as to the trustee. If a beneficiary of the trust owes the judgment, then a creditor can bring an action to compel the trustee to lien that beneficary's share when that share is due to be paid anbd pay the judgment creditor. Judgments are valid for 10 years and may be renewed for another 10 years.
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